I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]
An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.
Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.
Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.
New General Motors board chairman Kent Kresa is floating the idea that if the company is forced into Chapter 11 bankruptcy, it could split into two companies, a good GM and a bad GM, in order to help it emerge quickly from reorganization as a viable company. Automotive News reports on how this might work:
The good-bad model is “a great idea” and “a very good technique,” Kresa said. “It has its problems, and all of our people are looking at it very hard.”
The concept is a “wonderful idea for allowing a new General Motors to emerge,” he said.
Good assets, for example, might include the Chevrolet and Cadillac brands as the core of a smaller, more viable company. Bad assets presumably would include GM’s marginal brands.
“There are a lot of constituents right now that have some dibs on the assets,” Kresa said. “The bankruptcy has to deal with each of those and make sure that whatever comes out is reasonable. This is not a done deal. We want to do something that would be done quickly.
It is widely assumed that, with or without bankruptcy, GM is going to reduce the number of brands and models they produce. Pontiac, Saturn and Buick will likely be phased out.
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